Current report: 39/2010 - Granting of insurance guarantee of proper elimination of defects
Date: 2010-05-14 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information
Current report: 39/2010
Date: 2010-05-14
Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information
Subject: Granting of insurance guarantee of proper elimination of defects
The Board of Chemoservis-Dwory S.A. („the Issuer”, „the Company”) informs that as a realization of agreement for general execution of construction of plant oil’s methyl-ester factory in Tychy signed on August 6th, 2009 with Bioagra-Oil S.A. („the Client”), the Company grantem to the Client the insurance guarantee of proper elimination of defects ammounting to PLN 3.600.000,00. The insurance guarantee, according to the agreement, secures proper elimination of defects due to warranty or quality guarantee for works conducted upon the abovementioned agreement for general execution, and ammounts to 20% of net amount of agreed remuneration (18 mln zÅ‚). The obligatory period of the insurance guarantee ends on January 7th, 2013. The guaran tor of the insurance guarantee is Towarzystwo UbezpieczeÅ„ i Reasekuracji WARTA S.A., that received renumeration ammounting to PLN 144.986,00 for granting the abovementioned guarantee. The Company informs additionally that tere are no connections between the Issuer and the beneficiary of the insurance guarantee.
Legal ground: §5 p. 7 and §13 of Regulation of Ministry of Finance from February 19th, 2009 on current and periodic information published by issuers of securities and on conditions of recognition of information required by law of a non-member country as equal.



